2010 was destined to be a turbulent year for glyphosate
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Needless to say, just take a look at these three messages below. How much longer will it take for glyphosate to return to normal? The 2010 glyphosate anti-dumping case: The U.S. initiates another anti-dumping investigation into Chinese glyphosate 2010-04-06 14:32:09 Source: Xin Kuai Bao http://news.ec.com.cn/article/zxmydt/201004/969723_1.html New trade disputes between China and the U.S. have emerged after a period of calm of nearly a month. The reporter learned from the website of China’s Ministry of Commerce yesterday that on March 31, the U.S. Aluminum Extrusions Fair Trade Commission and the United Steelworkers of America filed applications for anti-dumping and countervailing investigations against aluminum extrusions products originating from China ； Meanwhile, the U.S. company Albaugh filed an anti-dumping investigation request against glyphosate products originating from China. The two products involve a total investment of $1.446 billion (approximately 9.9 billion yuan). According to U.S. statistics, in 2009 China exported aluminum extrusions to the United States worth $534 million. The U.S. Department of Commerce is expected to make a decision on whether to initiate an investigation by April 20 ； The U.S. International Trade Commission will hold a damage hearing on April 22. The aluminum industry is particularly hard-hit by anti-dumping investigations, and exports of aluminum extrusions, among other products, have also begun to face obstacles. On the A-share market, Luopujskin (002333) is engaged in the research, development, production, and sales of aluminum extruded products. Regarding glyphosate, according to U.S. statistics, China exported $912 million worth of glyphosate to the United States in 2009. The U.S. applicant alleged that the margin of dumping for my glyphosate products exported to the U.S. was 299.65%-349.65%. It is understood that glyphosate is one of the most widely used herbicides globally, and it is also one of the main types of active ingredients exported from China. Analysts believe that domestic glyphosate exporters are currently facing a severe crisis of overcapacity in the industry, and any obstacles to exports to the United States will further exacerbate this crisis. Currently, China and the United States are the two largest producers of glyphosate in the world. China’s production capacity for glyphosate concentrate has reached 800,000 tons per year, while that of the United States is 200,000 tons per year. Yet the global annual demand for glyphosate is only around 500,000 tons per year, resulting in a severe imbalance between supply and demand. Most domestic companies export glyphosate by signing supply agreements with multinational corporations, and they rely on these orders to sustain their production. The United States has launched an anti-dumping investigation against glyphosate originating from China: http://blog.sina.com.cn/s/articlelist_1482758547_0_1.html The drop in the price of glyphosate was expected, but the U.S. anti-dumping measures were not. Following the CAC, glyphosate prices continued to fall. Recent reports suggest that the lowest prices in the market are around 20,500–21,000. Although leading manufacturers advocate for prices above 22,000, given the pessimistic market sentiment and weak demand, the trend over the next month does not look promising. Once anti-dumping measures are imposed by the United States against China, glyphosate in China will face serious problems. Details: On March 31, 2010, the U.S. company Albaugh formally submitted an application to the U.S. Department of Commerce and the U.S. International Trade Commission, requesting an anti-dumping investigation into glyphosate products of Chinese origin (tariff codes 2931.00.9043 and 3808.93.500). According to U.S. statistics, in 2009 China exported $912 million worth of glyphosate to the United States. The U.S. applicant alleged that the margin of dumping for my glyphosate products in the U.S. was 299.65%–349.65%. Interested companies can contact the Minmetals Chemicals Import and Export Chamber of Commerce. As the author understands it, once the application for initiation of an investigation is approved on March 31, the U.S. Department of Commerce will launch an investigation within 30 days; the preliminary results are expected to be available around July, with the final decision being issued at the beginning of 2011. Once an anti-dumping measure is imposed, the tax rate is expected to be over 30%, and Chinese glyphosate is very likely to lose the United States, its largest market. Tomorrow, the Minmetals Chamber of Commerce will organize a meeting in Beijing with key manufacturers to discuss countermeasures; we will keep netizens informed if there are any further updates. Like any major glyphosate producer, a certain amount of its product is sold in the United States. As a future market strategy, there may be some adjustments. In my humble opinion, this is just an attempt to spark discussion; I look forward to engaging in talks with netizens on this topic. Strategy 1: Expand into the South American and Southeast Asian markets; price wars are likely to intensify, with fierce competition being inevitable. The only way out for manufacturers using the glycine route is companies like Xinan and Fuhua. Strategy 2: In addition to the first strategy, manufacturers following the IDA route may also consider mass-producing glyphosate for export, as there are no anti-dumping duties on glyphosate, companies such as Huaxing, Cape, and Haoshoucheng being examples of such firms. Strategy 3: Although there may be a loss of the North American market in the future, the rapid growth of the domestic market (which will account for over 30% of the formulation market in the next two years) presents opportunities for brand owners to upgrade their products. This strategy is limited to comprehensive pesticide brand companies with moderate production scales, such as Huaxing and Haoshoucheng. In the short term, once anti-dumping measures are imposed, in terms of the extent of their impact, the main companies affected will be: 1. Xinan, which exports around 15,000 tons to the United States, accounting for a significant proportion of its total output. 2. Jiangshan exports around 10,000 tons to the United States, which is not much more than Xinan’s output. 3. Runfeng, Yangnong, and Fuhua all have export volumes of several thousand tons to the United States, resulting in a significant impact; especially Fuhua, which has faced numerous difficulties – this new player in the glyphosate market has it really tough! A few companies have seen new vitality: those following the IDA route and possessing customer relationships in the bisphosphonate sector, such as Huaxing and Haoshoucheng. It is expected that Huaxing’s diphenylphosphine oxide production will gradually start to increase in Q2-Q3 of 2010, and see a surge beginning in 2011. The market has been incredibly generous to this glyphosate producer that has some financial problems. Anti-dumping investigations deal a heavy blow to the glyphosate industry http://nongyao.aweb.com.cn/2010/0409/8195085342200.shtml Regarding the anti-dumping investigation into glyphosate originating from China, initiated by the U.S. company Albaugh, the China Minmetals Import and Export Chamber of Commerce organized more than 10 companies in the industry yesterday to discuss countermeasures. The reporter learned that on March 31, 2010, the U.S. company Albaugh formally submitted an application to the U.S. Department of Commerce and the U.S. International Trade Commission, requesting an anti-dumping investigation into glyphosate products originating from China. According to U.S. statistics, in 2009 China exported $912 million worth of glyphosate to the United States. The U.S. applicant alleged that the degree of dumping of glyphosate products from China in the U.S. ranged from 299.65% to 349.65%. According to a document, Zhejiang Xinan, Nantong Jiangshan, Jiangsu Yangnong, Hubei Shalonda, Jiemaa Chemicals, Jiangsu Haoshoucheng, and Sichuan Fuhua have been included on the anti-dumping list. Among the listed names above, the first 4 are listed companies. Xinan Shares and Yangnong Chemical Co., Ltd. announced the aforementioned matters yesterday and today respectively. In addition, among the listed companies, Huaxing Chemical, Shenghua Baike, and Hongtaiyang do not appear on the aforementioned list, but they also produce glyphosate. Xin’an Shares and Yangnong Chemical stated that the company’s production and operations are currently running normally, and it is difficult to determine at this time whether this application will have an impact on the company’s future production and operations. Experts told reporters that in 2008 and 2009, China’s glyphosate production capacity was 870,000 tons and 1.03 million tons respectively, while the output was 430,000 tons and 490,000 tons respectively. Over half of the glyphosate produced in China is exported; the export volumes in 2008 and 2009 were 240,000 tons and 220,000 tons respectively. Among the exporting countries, the United States accounts for 1/4. Therefore, as U.S. companies enter the peak purchasing season in the North American market, they are calling for anti-dumping investigations against Chinese companies, arguing that the anti-dumping rates applied to China range from 299% to 349%, which will have a significant impact on the glyphosate industry. A representative from a pesticide manufacturer said that Brazil, the United States, Australia, and Argentina are China’s four main export destinations for glyphosate. Not long ago, Brazil decided to impose anti-dumping duties on Chinese glyphosate, and now the United States has initiated an anti-dumping investigation. If Australia and Argentina follow suit, it will represent a severe blow to China’s glyphosate industry. China’s glyphosate industry is currently on the verge of losses. In 2008, the gross profit margin for glyphosate production exceeded 50%, prompting many companies to invest heavily, which led to a significant increase in glyphosate production in China. Data shows that in 2009, global demand for glyphosate was around 600,000 to 800,000 tons, while China’s production capacity reached 1.03 million tons, resulting in an oversupply ； The price of glyphosate dropped rapidly from a maximum of 100,000 yuan to a minimum of 18,000 yuan; currently, the market price is around 20,500 to 20,800 yuan per ton. Fang Yao said that the production cost of glyphosate is around 20,300 yuan, and at the current prices some companies are already operating at a loss. Following the news that the United States had initiated an anti-dumping investigation, the price of glyphosate dropped by 200 to 300 yuan per ton within two or three days starting from April 5. Analysts say it may be that manufacturers are reducing prices to sell their products. In terms of the stock market, yesterday, Xinan Shares dropped by 3.53%, Jiangshan Shares fell by 2.13%, Shalonda lost 1.8%, and Yangnong Chemicals declined by 1.7%. In response to the anti-dumping investigations initiated by the United States, the China Minmetals Import and Export Chamber organized a meeting yesterday with more than a dozen companies including Xinan Co., Ltd. and Jiangshan Chemical to discuss countermeasures. Several companies are preparing to respond to the lawsuit. Xinan Shares also stated in a statement yesterday that it would take proactive action depending on the progress of the situation. It remains to be seen what decision the U.S. Department of Commerce and the U.S. International Trade Commission will ultimately make. In 2009, Xinnan Co., Ltd.’s total operating revenue was 3.85 billion yuan, of which 2 billion yuan came from pesticide sales; the gross profit margin was 14%, a decrease of 28% compared to the previous year. Jiangshan Chemical’s operating revenue was 2.33 billion yuan, of which 1.462 billion yuan came from pesticide sales; its gross margin was 4.3%. In the first half of 2009, Yangnong Chemicals achieved total operating revenue of 1.167 billion yuan, of which 384.67 million yuan came from sales of herbicides. In the first half of 2009, Shalonda’s operating revenue was 985 million yuan, of which 904.16 million yuan came from sales of fertilizers and pesticides.
Yangnong Chemical’s glyphosate products are subject to anti-dumping investigations. Yangnong Chemical (600486) has recently learned that some American companies have filed requests with the U.S. International Trade Commission and the Department of Commerce to initiate anti-dumping investigations into glyphosate exported from China to the United States. Glyphosate products are currently one of the company’s main products, and the company is taking active measures to address this issue.
Announcement by Jiangshan Agrochemical regarding the anti-dumping investigation initiated by the United States against glyphosate. Announcement by Nantong Jiangshan Pesticide Chemical Co., Ltd. regarding the application filed by a U.S. company for an anti-dumping investigation against glyphosate produced in China. The board of directors of the company and all its directors guarantee that there are no false records, misleading statements, or significant omissions in the content of this announcement, and they assume individual and joint responsibility for its accuracy, truthfulness, and completeness. The company has recently learned that an American company has filed applications with the U.S. International Trade Commission and the Department of Commerce, requesting damage and anti-dumping investigations into glyphosate originating in China and exported to the United States. Glyphosate products are currently one of the company’s main products, and it is difficult to determine at this time whether this incident will have an impact on the company’s future operations. At present, the company’s production and operations are running normally. The company will take proactive measures in response to the developments of this incident and will disclose relevant information in a timely manner.
Unite everyone to overthrow America
It is unlikely that glyphosate producers will see any improvement in their performance this year. http://nongyao.aweb.com.cn April 12, 2010, 08:46 China Securities Journal·Zhongzheng Net. Recently, several listed companies that produce glyphosate, including Xinan Co., Ltd. (600596), Yangnong Chemical Co., Ltd. (600486), Jiangshan Co., Ltd. (600389), and Huaxing Chemical Co., Ltd. (002018), issued announcements stating that some American companies have applied to the U.S. International Trade Commission and the Department of Commerce to initiate anti-dumping investigations into glyphosate imported from China. Due to low glyphosate prices and weak sales, the performance of these companies was poor last year, and now they are facing anti-dumping investigations. Once anti-dumping investigations against glyphosate are initiated by countries such as the United States, the pressure of overcapacity in the domestic market will increase further, and a sharp decline in orders along with accumulated inventory will become the biggest challenges for these companies. There is pressure on profit growth this year. On March 31 of this year, the American company Albaugh formally submitted an application to the U.S. Department of Commerce and the U.S. International Trade Commission, requesting an anti-dumping investigation into glyphosate products originating from China. According to U.S. statistics, in 2009 China exported $912 million worth of glyphosate to the United States. The U.S. applicant alleged that the degree of dumping of glyphosate products from China in the U.S. ranged from 299.65% to 349.65%. Analysts believe this incident can be seen as a continuation of last year’s anti-dumping case regarding tires. In fact, signs of anti-dumping actions by China’s main glyphosate exporting countries have long appeared. Previously, Brazil had proposed imposing anti-dumping duties on glyphosate from China. On February 13 of this year, the European Council decided to continue suspending the anti-dumping duties on glyphosate imported from China for a period of one year, which is beneficial to the relevant listed companies to a certain extent. However, the risk of anti-dumping duties being imposed in the future remains. As an industry with strong cyclical patterns, glyphosate experienced high demand in 2008; its price rose from over 20,000 yuan per ton to a record high of more than 100,000 yuan by May 2008. This surge in prices prompted companies to rapidly expand their production capacity. Companies such as Jiangshan Shares invested in building new production capacity in 2009. However, since the second half of 2008, the price of glyphosate has been on a downward trend; the current market price is around 20,000 yuan per ton, approaching and even briefly exceeding the cost of producing glyphosate. Many manufacturers have already suffered losses. Xin’an Shares reported a net profit of 295 million yuan last year, a decline of 82.46% on a year-on-year basis; the main reason for this was the continued weak sales performance of glyphosate. Zu Guangping, a researcher at Rixin Securities, believes that the reason glyphosate is subject to anti-dumping investigations is mainly its large domestic production capacity and high export volume, as well as the high homogeneity of the product and its relatively low level of technological complexity. Once anti-dumping measures are implemented, it will deal a severe blow to the export of glyphosate, putting considerable pressure on the profit growth of the entire industry this year. Overcapacity drives industry consolidation. Data shows that in 2009, global demand for glyphosate was around 600,000 to 800,000 tons, while China’s production capacity reached 1.03 million tons, resulting in an oversupply. More than half of the products manufactured by domestic glyphosate companies need to be exported to the United States, Europe, and other regions. Analysts believe that in the short term, overcapacity in China’s glyphosate industry is an inevitable reality, and it is difficult for glyphosate prices in China to rise. The aforementioned analysts said that the glyphosate industry is currently under severe pressure to reduce energy consumption and emissions, and some outdated production capacities are bound to be phased out. Currently, there are over 20 glyphosate producers in China, and overcapacity is leading to increasing pressure for industry consolidation. In fact, as early as the beginning of 2009, the Ministry of Agriculture and the Ministry of Industry and Information Technology jointly issued Announcement No. 1158, stipulating that glyphosate manufacturers must modify the concentration of the active ingredient in aqueous formulations with a concentration of less than 30% (mainly 10%) by December 31. This meant that by 2010, pesticide manufacturers would no longer be allowed to produce 10% glyphosate aqueous formulations. Zu Guangping believes that the enforcement of this policy, energy-saving and emission-reduction measures, as well as regulatory policies that may be introduced in the pesticide industry in the future, will greatly influence the speed at which the glyphosate industry is integrated. It is understood that the largest glyphosate manufacturer in China at present is Xinan Co., Ltd.; in addition, Yangnong Chemical and Jiangshan Co., Ltd. also possess considerable strength and have the potential for integration.
It seems that the implementation of **new rural policies can boost the production of glyphosate.
The last edit to this post was made by jothan on 2010-4-22 at 14:52. Manufacturers following the IDA route can use phosphorous acid as a by-product; this helps reduce production costs without affecting product quality. I have friends who are engaged in this activity, and those interested can get in touch with me
The initiation of an anti-dumping investigation by the U.S. against glyphosate from China is postponed to May http://news.163.com/10/0422/16/64SSUNH800014AED.html 2010-04-22 16:00:00 Source: Southern Net (Guangzhou) According to reports from our newspaper (reporter Zhang Siping), yesterday the reporter learned from the **Ministry of Commerce that, regarding Albaugh Company’s request to launch an anti-dumping investigation on glyphosate originating from China, the U.S. Ministry of Commerce deemed that no valid data had been provided, and therefore decided to postpone the initiation of such an investigation until May 10. On March 31, the U.S. company Albaugh filed an application with the U.S. International Trade Commission and the Department of Commerce, requesting an anti-dumping investigation into glyphosate originating from China. On April 16, the U.S. Department of Commerce issued a statement stating that since Albaugh Company’s application to launch an anti-dumping investigation against glyphosate from China did not specify the conditions under which support from domestic industries would be obtained, nor did it provide accurate data on the total production volume of similar products in the country, the department needed time to gather and analyze information regarding domestic producers. As a result, it was decided to postpone the initiation of the anti-dumping investigation against glyphosate from China until May 10, 2010. It is reported that although the filing has been postponed, nearly 20 glyphosate-producing companies, including Zhejiang Xinan, Nantong Jiangshan, and Fuhua Tongda, have stated that they will participate in the industry’s defense against claims of damage.
Glyphosate manufacturers take action in response to U.S. anti-dumping investigations http://www.nbfet.gov.cn/zhuanti/index.php/default/view/id/71395 Department responsible for publication: Fair Trade Department Source: China Chemical Industry News Date of publication: 2010-04-22 Due to these anti-dumping investigations, the price of glyphosate has dropped below 21,000 yuan per ton. “Once the U.S. side files a case, we will definitely respond to it. ”On April 14, a representative from Jiangsu Yangnong Chemical Co., Ltd. said. On March 31 of that same month, the U.S. company Albaugh formally submitted an application to the U.S. Department of Commerce and the U.S. International Trade Commission, requesting an anti-dumping investigation into glyphosate products originating from China. According to U.S. statistics, China’s exports of glyphosate to the United States in 2009 amounted to $912 million. The U.S. applicant alleged that the degree of dumping of Chinese glyphosate products exported to the U.S. was 299.65%–349.65%. Zhejiang Xinan Chemical Group Co., Ltd., Nantong Jiangshan Pesticide and Chemical Co., Ltd., Jiangsu Yangnong Company, Hubei Shalonda Company, Jiemaa Chemical Company, Jiangsu Haoshoucheng Company, and Sichuan Fuhua Company have been included on the anti-dumping list. In order to actively respond to anti-dumping investigations, on April 7, the China Minmetals Import and Export Chamber of Commerce organized a meeting with over 10 enterprises in the industry to discuss countermeasures, which received an enthusiastic response from the relevant companies. Zhejiang Xinan Chemical Company stated that it will actively prepare for responding to the anti-dumping actions. Previously, Xinan Co., Ltd. issued a statement saying it would take proactive actions depending on the progress of the situation. Nantong Jiangshan Pesticide and Chemical Co., Ltd. and Jiemaa Chemical Company also stated that their respective departments are handling the matter. It remains to be seen what decisions the U.S. Department of Commerce and the U.S. International Trade Commission will ultimately make. It is understood that due to the anti-dumping measures in the United States, the price of these glyphosate products has dropped by around 300 yuan per ton in recent days. This week, the price of glyphosate has dropped below 21,000 yuan per ton, with manufacturers essentially operating at a loss just to maintain their market presence. Industry experts believe that once an anti-dumping investigation is launched, especially if it is determined that Chinese companies are engaging in dumping, it will have a severe impact on the export of glyphosate. Currently, there is a severe oversupply of glyphosate products in the domestic market. According to conservative estimates, the production capacity of nearly 50 glyphosate raw material manufacturers in China has reached around 750,000 tons per year. If the production capacity under construction this year is taken into account, China’s annual glyphosate production capacity exceeds 1 million tons per year, whereas domestic consumption and exports together do not exceed 450,000 tons per year. Meanwhile, the glyphosate plant invested $200 million in by the global glyphosate giant Monsanto is set to come online soon; this plant is located at the Luverne facility in the United States. This expansion will increase the company’s glyphosate production capacity by 20%. Once this facility is built, all glyphosate products sold by the company in the United States will be produced within the U.S. A representative from a glyphosate-producing company said that China’s glyphosate exports are **primarily destined for Brazil, the United States, Australia, and Argentina. Not long ago, Brazil decided to impose anti-dumping duties on glyphosate from China; now the United States has launched an anti-dumping investigation. If Australia and Argentina follow suit, it will undoubtedly be a severe blow to China’s glyphosate industry. Chinese glyphosate manufacturers are no strangers to anti-dumping measures, and have also achieved decisive victories in such anti-dumping battles. In mid-June last year, Xinan Chemical became the first company to succeed in a case related to the EU’s anti-dumping investigation against glyphosate from China, 15 years after such investigations were initiated. According to the final ruling issued by the European Court of First Instance, the 29.9% anti-dumping duty imposed on Xinan Chemical’s glyphosate was revoked, and the associated litigation costs were borne by the European Council.
Jiangshan Shares Continues to Post Losses in First Quarter; U.S. Anti-dumping Measures Exacerbate the Situation http://www.p5w.net/stock/news/gsxw/201004/t2937470.htm By Li Kun, Securities Times Jiangshan Shares (600389), which reported losses for the first time in 2009, remained in a loss-making situation in the first quarter of this year as well. In the first quarter, the company achieved operating revenue of 548 million yuan, with a net loss of 9.74 million yuan, representing a 248% decline on a year-on-year basis ； After deducting non-recurring gains and losses, the loss amounts to 14.63 million yuan. Jiangshan Shares did not provide an explanation for the decline in performance in its first-quarter report. From the income statement, a decline in operating revenue and an increase in operating costs were the main reasons for the significant drop in first-quarter performance. Data shows that in the first quarter, Jiangshan Shares’ total operating costs amounted to 562 million yuan, resulting in a situation where income was not sufficient to cover expenses. According to Jiangshan Shares’ 2009 annual report, the international financial crisis and the sharp drop in glyphosate prices resulting from uncontrolled expansion of glyphosate production in China were the main reasons for the decline in its performance. Data shows that in 2009, the average selling price of IDAN glyphosate dropped by 53.8% compared to 2008, while the average selling price of glyphosate in its glycine form dropped by 71.6% compared to 2008. The sharp drop in the selling price led to Jiangshan Shares’ operating revenue in 2009 amounting to 2.33 billion yuan, a 28% decline on a year-on-year basis ； Net profit was -7,819 yuan, a 126% decrease year-on-year. This significant decline in performance was evident among listed companies whose main business is glyphosate production; in 2009, companies such as Xinan Co., Ltd. and Huaxing Chemical saw a sharp drop in their performance. Xinan Co., Ltd.’s net profit dropped by over 80%, while Huaxing Chemical expects a drop of over 90%. According to the reporter’s understanding, although the price of glyphosate has risen this year, the increase has been limited and is mainly driven by production costs. The data from Jiangshan Shares’ first-quarter report also shows that the situation in the glyphosate industry has not improved despite the rise in glyphosate prices; instead, it has worsened. Worse still, in early April, the U.S. company Al-Baugh filed applications with the U.S. International Trade Commission and the Department of Commerce, requesting damage and anti-dumping investigations into glyphosate originating in China and exported to the United States. And the export of glyphosate is the main source of income for those companies. According to the annual report, in 2009, glyphosate-related revenues accounted for 53% of Jiangshan Co., Ltd.’s total revenue, of which exports contributed 53% of that amount ； Huaxing Chemical’s revenue from herbicides accounts for 67% of its total revenue, while exports account for 47% of its income ； In Xinan Co., Ltd., revenue from herbicides accounts for 52% of the total revenue, while exports account for 36%. At present, both Jiangshan Co., Ltd. and Huaxing Chemical have stated that it is difficult to assess the impact of the anti-dumping investigation for now; the companies will take proactive actions based on the developments of this situation. A staff member at Xinan Co., Ltd. told reporters that the company’s exports of glyphosate to the United States are limited, so the anti-dumping investigation has little impact on the company.
Last Friday, it was learned that the U.S. company Albaugh has withdrawn its anti-dumping lawsuits against glyphosate products originating from China from the U.S. Department of Commerce and the U.S. International Trade Commission. This is undoubtedly good news for more than 20 companies in China, including those in Xin’an, Zhejiang; Jiangshan, Nantong; and Fuhua Tongda. These glyphosate giants will gather from May 11th to 13th in Hangzhou for the Third China Glyphosate Industry Development Summit Forum, to discuss the latest trends in the glyphosate market as well as key issues related to technology and management. On March 31, the U.S. company Albaugh formally submitted an application to the U.S. Department of Commerce and the U.S. International Trade Commission, requesting an anti-dumping investigation into glyphosate products originating from China.